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Blog Post
August 03, 2022
While many small firms closed their doors during the pandemic, surprisingly few larger firms failed. Instead, they survived by cutting costs and forgoing investment, depleting their productive capital in the process. A new report from CGD and the IDB examines the challenges faced by firms during the...
Blog Post
February 24, 2022
Last week, the central bank of Chile became the 9th member of the Latin American Reserve Fund (known by its Spanish acronym, FLAR), Latin America’s regional lender of last resort. This is great news for the pursuit of financial and economic stability in the region. Here is why.
Blog Post
September 30, 2014
By and large, citizens of wealthier countries have more access to financial services than citizens of poorer countries. In the Republic of the Congo, for instance, only 9 percent of adults have access to formal financial institutions. In high-income countries, that share is 90 percent, according to ...
Blog Post
July 29, 2014
For the past decade or more, Nancy Birdsall, Michael Clemens, Amanda Glassman, Nora Lustig, Guillermo Perry, and I (among other CGD colleagues) have been researching the development challenges facing Latin America and crafting policy proposals for policymakers in the region and beyond.
Blog Post
June 16, 2014
My guest on this Wonkcast is CGD senior fellow Liliana Rojas Suarez, who serves as chair of the Latin American Shadow Financial Regulatory Committee (CLAAF). CLAAF is comprised of financial economists and former senior financial officials from the region who meet twice a year to study a current poli...